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20121009
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of america decided to take the money. then they had to go to an equity law firm. this is encouraging to me. i would think this actual bailout is one that says, we are now past, the pig is much further along. you don't want a python swallowing a pig, but it's going to follow it when it is finished. >> words to live by, jim. words to live by. >> i think about that often, actually. >> we just listened to an incredible hour of television on "squawk box" with zell talking about what he's seen in the economy, talking more about corporate i.t. upgrade cycles. here's what zell said not too long ago. >> nobody wants to make commitment to be on tomorrow. we run a company that does a lot of corporate enterprising installations. and one of their triggers is when the enterprise projects start getting delayed, we are heading for a recession. and that's exactly what you're looking at right now. >> when the enterprise project starts getting delayed, we are heading for a recession. that collides with the calls we are seeing regarding cisco right now. jim, channel checks going on? >> cisco, morgan stanley put
employees, even though the law dictates that they must. and today lockheed martin says it won't issue layoff notices before the election as it had planned to do. . it said it receivered assurances from the white house that the money would not be cut in january. how is that possible? aren't the costs mandatory if we hit the fiscal cliff? well, yes, but the administration could prioritize based on any criteria it chooses. perhaps it will make sure funds go to ensure that thousands of lockheed employees in northern virginia, a key swing state won't lose their jobs. but contract in states like georgia or alabama, well, those assurances may not come. that's just my observation. before we go, that will do it for the "closing bell" today. the market, of course, higher at the close but off of the best levels of the afternoon. hope you'll follow me on twitter and
loses sunday's election. kerry? >> reporter: tyler, by law, today is the last date that candidates can campaign here today in venezuela. a huge rally. a pro-president hugo chavez rally is scheduled for right here in the capital, caracas, later today. supporters of president chavez say they believe the future of of this oil rich country is best left to president chavez's control. at 58 years old he's been a power here for 14 years. the opposition at 40 years old, young, energetic, some say a sexy candidate who believes the oil wealth here has been squandered. his promise to re-invest in the neglected oil infrastructure in this country to get more oil to market. of course, if that oil draws so much of the u.s. interest, opec estimates venezuela has the largest reserves of oil in the world. the country is currently the fourth largest supplier of oil to the united states. but experts say the industry which was nationalized under chavez has been neglected. maintenance issues and lack of investment explain why the oil output here has actually dropped 30% in the last decade. punctuating the p
by federal law, but what this question is on the ballot is basically saying that the rights of collective bargaining apply to all public employees, so let's take it one step further. what it really means is when it comes to michigan and the state government's ability to say, look, foodservice in the schools will be handled by private companies, bus transportation handled by private companies, what you're looking at is 2 to $3 billion in additional costs onto the state government in michigan calling collective bargaining a state protected right for state union employees, and so number one, this is a huge issue for the state of michigan. it is big for the governor. i think that if you look at what's happened in wisconsin, you're going to see hopefully the same level of success over in michigan. people understand that while we're -- >> we're a little short on time. i hate to cut you off here. there is going to be interesting questions at this week's debate and i would like to have you back next week to talk about it. thanks. >> i would love to. >> don't forget to watch the coverage of the fi
Search Results 0 to 3 of about 4

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